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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Eurovision’s Harmony Disrupted by Political Discord

 

In a turn of events that has brought political tensions to the forefront of a traditionally unifying event, the Eurovision Song Contest has become the stage for significant protests. The inclusion of Israel’s contestant, Eden Golan, in the Eurovision finals has sparked widespread demonstrations in Malmo, Sweden, where the contest is being held. Despite the uproar, Golan advanced to the grand final, a victory overshadowed by the voices of thousands of pro-Palestinian protesters who took to the streets to express their dissent.

The protests have drawn attention from political figures as well. UK Prime Minister Rishi Sunak described the protests as ‘outrageous’, aligning with Israeli leader Benjamin Netanyahu’s condemnation of the events in Sweden. The demonstrations, which included prominent figures like Greta Thunberg, have been calling for a ceasefire and an end to the Israeli government’s military offensive in Gaza.

The Eurovision Song Contest, known for its eclectic mix of music and celebration of diversity, is facing a crisis as deep political divisions overshadow the event. The contest’s spirit of unity is being tested as protesters rebrand Eurovision as the “Genocide Song Contest,” demanding that Israel be held accountable for its actions in Gaza.

As the final approaches, the world watches to see if Eurovision can navigate these turbulent waters and return to its roots as a beacon of harmony and cultural exchange, or if it will remain mired in the complexities of global politics.

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